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Archived almost 4 years ago

$110,000

3 bd 1 ba

6155 Kentucky Ave and 6163 Kentucky Ave, Indianapolis, IN 46221

Residential SFR

Current Rent **

$2,500

Projected Rent **

$2,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

2 Houses in Decatur Township on Same Lot ๐Ÿ™€

TWO HOUSES in Decatur Township Schools for the price of one! Both houses are on the same parcel. Low DOM in Decatur Township if you are looking to flip.

6163 Kentucky Ave is a 3/1 and vacant (stone house). 2 car detached garage.
6155 Kentucky Ave is a 2/1 and has a M2M tenant paying $600 (vinyl house). NO garage.

Both houses are on well water, AES electric, and Citizens gas. Separate meters for each house.

Recent 1/2 mile SOLD or PENDING include:
6039 Kentucky Ave - PENDING $325,000 (3/1/2, 2-car attached, 1324 sf, 100 DOM)
6209 Kentucky Ave - SOLD $130,000 (3/1.5, 2-car detached, 1248 sf, 6 DOM)
6414 Mendenhall Rd - SOLD $145,000 (3/2, car port, 1392 sf, 4 DOM)
7310 Milhouse Rd - SOLD $198,000 (3/1.5, 2-car attached, 1989 sf, 12 DOM)

Location:

6155 Kentucky Ave and 6163 Kentucky Ave, Indianapolis, IN 46221

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.